Wells Fargo Just Cut Its Price Target on Rivian (RIVN) Stock by 30%
After reporting worse-than-expected earnings, Wall Street sentiment toward Rivian (NASDAQ:RIVN) stock is shifting. Indeed, Wells Fargo just reduced its price target on the electric vehicle (EV) producer from 10, although analyst Colin Langan maintained an “equal weight” rating. RIVN stock is down today on news of the mixed results, although shares are currently regaining some momentum.This makes it difficult to properly assess RIVN, especially give the mixed nature of the recent report. But even as ...